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deficit so on a scale of that you can see how big the problem is not just within the eurozone but also globally but you're quite right i mean it is a huge problem it's something which the cypriots government has failed to come to terms with it we are today that it the government received a warning from the european central bank as far back as two thousand and ten saying that there were there that management economy of interest or not where they were running an increase in state sector employers or wages of six percent when the economy was contracting which was simply unsustainable and so it's proven but so what you're saying that this one of solution in a very small economy could actually have a major impact on the european banking sector as a whole and indeed confidence in the euro zone. that's certainly true and you're making an assumption this is this is a war not far not even sure that's the case what you mean it could happen again that we're probably going to get tax you mean this could be actually implemented and then that should have implemented elsewhere then in other bailout d
deficit so on a scale of that you can see how big the problem is not just within the eurozone but also globally but you're quite right i mean it is a huge problem it's something which the cypriots government has failed to come to terms with it we are today that it the government received a warning from the european central bank as far back as two thousand and ten saying that there were there that management economy of interest or not where they were running an increase in state sector employers...
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Mar 25, 2013
03/13
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of the highest deficits in the western world. that would pose a huge risk to the stability of the british economy, threaten a sharp rise in interest rates, and leave the burden of debt to our children and our grandchildren. withl not take that gamble the future of this country, especially when those representations came from the very same people whose previous candle w have the economy led te mess we are cleaning up in the first place. , theeputy speaker spending reductions we promised have been more than delivered. welfare reforms have been legislated for and are taking place. here is a clear sign of progress -- the proportion of national income spent by the state has fallen from 47 point four percent three years ago to 43.6% toay, and it is on course reach 40.5% at the end of the period. we set out our deficit plan and are delivering that plan. taking together, the measures i will announce today are fiscally neutral overall. ask the british people and they will tell you, our problem is a country is not the way -- not that we ar
of the highest deficits in the western world. that would pose a huge risk to the stability of the british economy, threaten a sharp rise in interest rates, and leave the burden of debt to our children and our grandchildren. withl not take that gamble the future of this country, especially when those representations came from the very same people whose previous candle w have the economy led te mess we are cleaning up in the first place. , theeputy speaker spending reductions we promised have...
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Mar 20, 2013
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deficits in the western world. that would pose a huge risk to the stability of the british economy, threaten a sharp rise in interest rates, and leave the burden of debt to our children and grandchildren. and i will not take that gamble with the future of this country, especially when those representations came from the very same people who have the previous gamble with our economy lead for the mess we're clearing up in the first place. [shouting] >> be deputy speaker, the spending reduction we promise have been more than delivered. welfare reform have been legislative are taking place. here is a clear sign of progress, the proportion of national income spent by the state has fallen from 47.4% three years ago to 43.6 percent today. and on course to reach 40.5% at the end of the period. we have set out a deficit plan and delivering that plan. and the measures i will announce today are fiscally neutral overall. ask the british people and they will tell you our problem with the country is that we tax too little but th
deficits in the western world. that would pose a huge risk to the stability of the british economy, threaten a sharp rise in interest rates, and leave the burden of debt to our children and grandchildren. and i will not take that gamble with the future of this country, especially when those representations came from the very same people who have the previous gamble with our economy lead for the mess we're clearing up in the first place. [shouting] >> be deputy speaker, the spending...
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Mar 25, 2013
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we have no interest rate in the country because we have a plan to get the deficit down. that's the key. the other point i would make, if you look for the lending scheme that has successfully reduced mortgage rates and made sure that people who don't have access to a large deposit able to look at buying a house. we are making progress but there's more to do. >> williamson . >> we had the wonderful news that -- [inaudible] 700 jobs -- last year we saw the creation of 70,000 manufacturing jobs in the u.k. does my friend think that the staff correct can of a 1.7 million manufacturing jobs -- [inaudible] >> they make an important point. it has been a massive success story for our country. i would raise all of those who invested money in the business and those who work in the business and apprenticeships trained in the business. it's hard on recovery of the automatictive sector that has seen a surplus in the number of cars that we export overseas and as part of a picture where toyota, honda, other auto motics are doing well and we support them. >> of the birth of dr. davey liv
we have no interest rate in the country because we have a plan to get the deficit down. that's the key. the other point i would make, if you look for the lending scheme that has successfully reduced mortgage rates and made sure that people who don't have access to a large deposit able to look at buying a house. we are making progress but there's more to do. >> williamson . >> we had the wonderful news that -- [inaudible] 700 jobs -- last year we saw the creation of 70,000...
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Mar 23, 2013
03/13
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it's an effort to shore up the billion dollar budget deficit. as shocking as this sounds, cities are facing similar meesures are in your city could be one of them. could this actually be the best medicine? joining me n is the ceo of the illinois policy institute. >> and the 2010 census, 200,000 africans left and that has been a decades long time. many are declaring that the chicago public school system, which has monopoly control over educational systems is failing. they are leaving. we have these empty scols that have to be closed. melissa: it seems a liitle too easy. some people have been saying that the schools are empty, they are curable schools, is they're not going to be overcrowding? >> chicago's population is in a long-term decline. we have the lowest population that we have had since 1920. it was built from hundreds of thousands of more people. all over the city there is excess capacity. they are moving these kids out of the schools and giving them a life in schools that have capacity to not overcrowd them. it will save money, but more
it's an effort to shore up the billion dollar budget deficit. as shocking as this sounds, cities are facing similar meesures are in your city could be one of them. could this actually be the best medicine? joining me n is the ceo of the illinois policy institute. >> and the 2010 census, 200,000 africans left and that has been a decades long time. many are declaring that the chicago public school system, which has monopoly control over educational systems is failing. they are leaving. we...
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Mar 25, 2013
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this has seen the deficit come down by a third since he became chancellor and has seen over one million private sector jobs. he is getting the country out of the hole we are left in by the party opposite. >> speaker, will the prime minister welcomed the inception of the country's first local enterprise fund, were people have raised 400,000 pounds to invest in business albert -- efforts and securing employment? will he agree with me that in this respect, as in so many others, where bedford leaves -- leads the rest of the country follows. >> my honorable friend is right. he makes important points, which is that we do need to see more enterprise and have seen in britain over the last three years the fastest rate of new business creation in our history. but we need to see more of it to keep the private sector going. >> rising unemployment remains an issue in my stockton constituency. are-working families paying for the next months of seen a tax cut for millionaires. >> if the honorable gentleman looks at the figures today he will see that there are 131,000 more people in work over the last
this has seen the deficit come down by a third since he became chancellor and has seen over one million private sector jobs. he is getting the country out of the hole we are left in by the party opposite. >> speaker, will the prime minister welcomed the inception of the country's first local enterprise fund, were people have raised 400,000 pounds to invest in business albert -- efforts and securing employment? will he agree with me that in this respect, as in so many others, where bedford...
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and democracy issues rule of law and deficits and democracy issues tell us more what's happening in jersey right now the legislators are looking to try to appeal to great britain because they feel there's been a breakdown in the rule of law and as you know if you're head and you want to find a good tax shelter to keep your money in a bad legal system is not where you want to be keeping your money so the island is obviously very worried about its image getting here so they're circling the wagons and doing their very safe. to banking laws but there's something else going on there too isn't there there's this story ripples into other areas just bank. on the island bank that go beyond betting banking but include banking so you're going to be returning there after a period where you were not allowed to go now you're allowed to go back to jersey and you'll be following up on your investigative work just i just got off the phone this morning with a man who he was gagged he actually he actually complained about having money stolen from him by people on the island bank charter this is one of
and democracy issues rule of law and deficits and democracy issues tell us more what's happening in jersey right now the legislators are looking to try to appeal to great britain because they feel there's been a breakdown in the rule of law and as you know if you're head and you want to find a good tax shelter to keep your money in a bad legal system is not where you want to be keeping your money so the island is obviously very worried about its image getting here so they're circling the wagons...
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Mar 24, 2013
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president obama setd this will not add a single dime to the deficit. >> look, it's going to bring down health care costs. it's amazing people hate so much something that has barely taken effect. most hasn't gone into effect. the american people when asked about the specific provisions in the affordable care act like it. they like tax credits for small businesses to pay for insurance, they like closing the medicare donut hole, they like kids staying on insurance. 80% of people like those and less than 50% know they are in the bill. so stop smearing the bill to tell people what's really in it. >> talk about why this didn't kick in. we had to wait until it got voted back in. they wrote this so that once he's in all the crabby stuff comes out. stuff we're two years in nobody has a clue what a state exchange is, nobody knows what is going to happen to medicare. good luck trying to find a doctor or nurse in the next couple years. they waited until the guy got back independent office and bam. >> you buy the number sally threw out that 80% of the people are okay with this? >> are they going to
president obama setd this will not add a single dime to the deficit. >> look, it's going to bring down health care costs. it's amazing people hate so much something that has barely taken effect. most hasn't gone into effect. the american people when asked about the specific provisions in the affordable care act like it. they like tax credits for small businesses to pay for insurance, they like closing the medicare donut hole, they like kids staying on insurance. 80% of people like those...
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park olympic atom of death and trade deficit holes in china sixteen thousand infected rotting pig carcasses find out what else has mysteriously been fished out of chinese waters. also online the u.k. prime minister david cameron announcing a massive crackdown on immigration is britain's economy continues to falter this and more are. the i.d.f. is cracking down on inappropriate behavior from its troops israeli soldiers online dance videos and controversial content of quickly gone viral there's fears the videos may be undermining the government's attempts to use social media as a p.r. tool artie's policy or investigates offensive and damaging fun a picture of an israeli soldier with mud on his face titled a bomb a stone posted on facebook by none other than the head of the i.d.f. social media unit should have done the minish just as the government uses social media for explaining full complaining for propaganda spinning it also has to do with private soldiers using new media every soldier is a broadcast station. it looks innocent enough but this will go two weeks in a military prison. after p
park olympic atom of death and trade deficit holes in china sixteen thousand infected rotting pig carcasses find out what else has mysteriously been fished out of chinese waters. also online the u.k. prime minister david cameron announcing a massive crackdown on immigration is britain's economy continues to falter this and more are. the i.d.f. is cracking down on inappropriate behavior from its troops israeli soldiers online dance videos and controversial content of quickly gone viral there's...
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Mar 20, 2013
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given our own lack of frugality and washington's inability to do anything intelligent with our budget deficit. so the logical default currency is gold. we had a lull in european problems, but thanks to a lack of regulation -- how else did cyprus get so out of hand, especially if the same thing happened in iceland, the lull is over. i think this is one more reminder that rich europeans will switch from keeping euros in banks to keeping gold in deposit boxes. if you have no exposure to gold, buy some now. sure, most europeans may keep their money in the bank. they live there, that's their life. but the wealthy are looking to pull out money over time and the big beneficiary will be gold. amazingly, the european regulators can't help themselves. their incredible incompetence makes buying gold the easiest decision in the world. these idiots are the gift that clinches the gold buy every time they take action and this latest action may be the best when it comes to pushing gold higher than maybe since the reign of the former european central banker chief jean, "the fraud" trichet. stick with cramer.
given our own lack of frugality and washington's inability to do anything intelligent with our budget deficit. so the logical default currency is gold. we had a lull in european problems, but thanks to a lack of regulation -- how else did cyprus get so out of hand, especially if the same thing happened in iceland, the lull is over. i think this is one more reminder that rich europeans will switch from keeping euros in banks to keeping gold in deposit boxes. if you have no exposure to gold, buy...
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european for perhaps a generation i mean since the beginning the project we've always been a democratic deficit it's been there since the glorious ever closer union days. there's no evidence to suggest that that's not the case right now. thanks so much for coming in thank you. well it's a ten minutes past the hour moscow time thanks for joining us here on the program and the mystery behind the death of boris verizon clear out within hours this following an autopsy the body of the self. kremlin opponent was found in his bath tub at the weekend now they have been suggestions to form a billionaire took his own life but police say that he left no suicide note behind have also ruled out any third party involvement. made an immense fortune back in the ninety's it's widely believed he took advantage of the chaos gripping post soviet russia coupled with cozy relations with president yeltsin's inner circle it's like you're later moved to london to escape multiple charges of financial crime dr mcdowell an independent expert on russia. never believed that he would lose his grip on power. i don't think tha
european for perhaps a generation i mean since the beginning the project we've always been a democratic deficit it's been there since the glorious ever closer union days. there's no evidence to suggest that that's not the case right now. thanks so much for coming in thank you. well it's a ten minutes past the hour moscow time thanks for joining us here on the program and the mystery behind the death of boris verizon clear out within hours this following an autopsy the body of the self. kremlin...
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Mar 26, 2013
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he is tasked with reigning in budget deficits that reach into the billions. china may soon resume handing out subsidies to people who buy electric cars. a couple of years ago, several cities, including beijing, began offering nearly $10,000 to electric car buyers. the deal ended in 2012, but it never really caught on due to the lack of charging stations and high battery costs. the chairman of byd, which is building the plug- in cars with daimler, expects the subsidies could happen in april or may as china attempts to curb pollution. byd is backed backed by billionaire warren buffett. new york city mayor michael bloomberg is planning a $12- million tv ad blitz to push for new gun legislation. the specific audience bloomberg wants to reach are senators in 13 states in advance of an upcoming vote on gun reform legislation. he cites national polls that show a vast majority of americans want new legislation. he spoke at an event recently along with vice president joe biden. "if congress does nothing, another 12,000 people will be murdered with guns this year alone
he is tasked with reigning in budget deficits that reach into the billions. china may soon resume handing out subsidies to people who buy electric cars. a couple of years ago, several cities, including beijing, began offering nearly $10,000 to electric car buyers. the deal ended in 2012, but it never really caught on due to the lack of charging stations and high battery costs. the chairman of byd, which is building the plug- in cars with daimler, expects the subsidies could happen in april or...
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Mar 25, 2013
03/13
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beckham last year believe they had a $37 million deficit in the city of 166 million. sitting there saying, you owe us $30 million per year. lighter nighter going back to pay. tried twice in the last year the charter renegotiate. the first time they tell them, and this is what is a believable. they did not qualify for hardship. i don't know what that means of the folks. what to they have to do, be under steep -- under siege by north korea? and then on top of that they give them the excuse that legally there's nothing we can do because our contract says are obligated to pay us so that we compare pensioners. gerri: thank you for coming on. appreciate your time. we will continue to paula. i hope you will come back. >> i would love to. thank you. gerri: are you underestimating your retirement needs to make the president of charles robb joins me next with a startling report. post with the big retirement planning mistakes that we're all making. stay with us. ♪ ♪ gerri: confident that your golden years? your survey finds that may not be the case. how to plan for your reti
beckham last year believe they had a $37 million deficit in the city of 166 million. sitting there saying, you owe us $30 million per year. lighter nighter going back to pay. tried twice in the last year the charter renegotiate. the first time they tell them, and this is what is a believable. they did not qualify for hardship. i don't know what that means of the folks. what to they have to do, be under steep -- under siege by north korea? and then on top of that they give them the excuse that...
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Mar 23, 2013
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we shouldn't run a deficit at least one that is as large now. i think it's precarious and for the senators, democratic senators running for reelection in red states. that is why you saw four democratic senators they are all representing states that barack obama lost. >> gregg: speaking of debt and deficits, president obama said recently the debt is not an immediate problem, but by huge margins, americans disagree. 68% of them disagree with the president on that. they also think he is wrong with b something else. spending. this is a fox news poll. they think his top priority should be cutting spending to reduce the deficit, not spend more, taxpayer dollars to create jobs. is that why president obama seemed to have dropped the campaign for spending realize he is pushing his job ratings down and in the process driving away potential voters? >> i think there has been a sense over the last month or so, as you point out poll numbers have gone down. white house is not going to make a big campaigns go across the country asking for tax increases but that
we shouldn't run a deficit at least one that is as large now. i think it's precarious and for the senators, democratic senators running for reelection in red states. that is why you saw four democratic senators they are all representing states that barack obama lost. >> gregg: speaking of debt and deficits, president obama said recently the debt is not an immediate problem, but by huge margins, americans disagree. 68% of them disagree with the president on that. they also think he is...
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Mar 19, 2013
03/13
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i thought the increased taxes would maybe go to taking care of some of the deficit. no. it's simply going to continually expanding the size and scope of dot government, and those taxes are on families, just like obamacare is placing taxes on family. you do not hear the republican leadership saying we're the defenders of the american family, of businesses. we want to unleash this economy so that it will absolutely grow. by the way, about that easter egg hunt. why, if they're going to haste do they even put it on the tickets they were threatening to stall the whole thing? that would be the first time in the history of the easter egg roll that it would have been cancelled for politics. the only other time it's been cancelled, it's for war. it's a stunning thing but all too justify this administration's temper tantrum over wanting to have a complete free rein to spend as much as they want. >> neil: eggs actually. they don't know. i'm done. i'm done. thank you very much. this will be our lead issue tonight. why this guy who did this dance is really wigging out right now. davi
i thought the increased taxes would maybe go to taking care of some of the deficit. no. it's simply going to continually expanding the size and scope of dot government, and those taxes are on families, just like obamacare is placing taxes on family. you do not hear the republican leadership saying we're the defenders of the american family, of businesses. we want to unleash this economy so that it will absolutely grow. by the way, about that easter egg hunt. why, if they're going to haste do...
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Mar 18, 2013
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then we address the long term budget deficit in a balanced way where we ask for shared responsibility as opposed to the republican plan which provides another tax break wind fall to very wealthy people at the end of everybody else. the expense of the middle class, the expense of commitments to seniors. so our focus right now is to number one, do no harm to the economy. number two, invest in a jobs plan that will help put people back to work. whether building roads or bridges or infrastructure or other things important to our economy. >> why will it take until 2040 to balance the budget under your plan? >> well, if you actually look at the past 40 years, we've only had four balanced budgets. those were during the clinton years and once leaning over to the bush years and then they squandered that balance. so the reason we do that is our focus is on jobs, craig. our focus is on meeting our commitments to seniors. we will not balance the budget on the backs of our kids' education or on the backs of our commitments to seniors. whether it is under medicare or medicaid. what we do is immedia
then we address the long term budget deficit in a balanced way where we ask for shared responsibility as opposed to the republican plan which provides another tax break wind fall to very wealthy people at the end of everybody else. the expense of the middle class, the expense of commitments to seniors. so our focus right now is to number one, do no harm to the economy. number two, invest in a jobs plan that will help put people back to work. whether building roads or bridges or infrastructure...
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maximum budget deficit european countries can have a three percent flies in the face of automatic stabilizing mechanisms that all of these countries have where if they go into recession then automatically they have things like on employment insurance and all the people who were paying taxes into the government are now taking tax money out of the government and so of course you're going to have budget deficits go up was this just like a crazy idea in the first place yes i think so i think that the whole notion of an automatic fix level denies the inevitable flexibility the inevitability of new developments that no one who wrote these rules ever for saw and that it. puts a straight jacket on policy makers that never makes much sense that forces them to violate these rules that violation is interpreted in strange ways by the different players in an economy it's an irrational way to manage a capitalism that is always unstable and unpredictable so i would like to mention something about the cyprus event i think it's enormously important much more that's been understood first of all the the governm
maximum budget deficit european countries can have a three percent flies in the face of automatic stabilizing mechanisms that all of these countries have where if they go into recession then automatically they have things like on employment insurance and all the people who were paying taxes into the government are now taking tax money out of the government and so of course you're going to have budget deficits go up was this just like a crazy idea in the first place yes i think so i think that...
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economy that can create productive jobs that is dependent on the fed printing on borrowing on trade deficits but we can't do this forever and the longer we do it the bigger disaster when it ends but here assad of the last forty six forty six the last fifty years excuse me on our country has been in this kind of budget deficit and we haven't gotten caught in a death spiral so why now what is really getting at this problem. well not yet but it's the enormity of the problem it starts off as a small problem it's like you know you can you can get cancer but you don't die right away you have to wait until the disease grows to the point that it kills you and you know our debt was a cancer but it's taken a long time for the disease to progress and i guess it's not fatal at this very second but you know we're really close to it if you look at the size of the debt you know the government is forecasting that interest payments on the national debt in two thousand and thirteen are going to be two hundred twenty eight billion the last time we had an interest rate buildout low ronald reagan was the preside
economy that can create productive jobs that is dependent on the fed printing on borrowing on trade deficits but we can't do this forever and the longer we do it the bigger disaster when it ends but here assad of the last forty six forty six the last fifty years excuse me on our country has been in this kind of budget deficit and we haven't gotten caught in a death spiral so why now what is really getting at this problem. well not yet but it's the enormity of the problem it starts off as a...
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Mar 23, 2013
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the government would still be in a deficit after ten years. senator patty murray argues the plan creates jobs and economic growth but, of course, during the process, patience did run thin. >> madam president, madam president, madam president. >> senate will come to order. >> madam president, the senate is not in order. i flow's a lot of march madness going on. we would like to keep it calm on the floor so that senators can be heard. >> reporter: the white house recently passed -- excuse me, the house recently passed the ryan budget plan which includes a $4.6 trillion deficit reduction over the next decade. these budget plans are resolutions are not bills. this week, congress did pass a continuing resolution bill which actually funds the government for the next six months. we did hear from white house press secretary jay carney, responding to today's news in a statement and reading, in part, "like the president's plan, the senate budget cuts wasteful spending, makes tough choices to strengthen entitlements and eliminates special tax breaks and
the government would still be in a deficit after ten years. senator patty murray argues the plan creates jobs and economic growth but, of course, during the process, patience did run thin. >> madam president, madam president, madam president. >> senate will come to order. >> madam president, the senate is not in order. i flow's a lot of march madness going on. we would like to keep it calm on the floor so that senators can be heard. >> reporter: the white house recently...
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Mar 22, 2013
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our deficit isn't up to that. >> shepard: what do you make of the parity this year? last year there were a few teams. this year i don't have a clue. >> that's the thing. that's why it's so interesting this year. last year there was a rabbit, kentucky in years past, duke, north carolina. this year there's no one to chase. gonzaga had the toughest time of any number one seed in 16 years last night when they just won by six points. it's really, really tough. every team that has ascended to number one has fallen off, gotten knocked off. so it's really just a wide-open thing here this year, and really 20 teams have a legitimate chance of this. >> shepard: 20. incredible. i wonder what your sense is for what makes a difference. i always thought an older, experienced back court that handles the ball well is what you need in the tournament. but there's more to it than that, of course. >> it's changed so much. used to be these guys would stick together four years. now it's one and done, so it's usually the best player who has the best chance. the problem here this year is the
our deficit isn't up to that. >> shepard: what do you make of the parity this year? last year there were a few teams. this year i don't have a clue. >> that's the thing. that's why it's so interesting this year. last year there was a rabbit, kentucky in years past, duke, north carolina. this year there's no one to chase. gonzaga had the toughest time of any number one seed in 16 years last night when they just won by six points. it's really, really tough. every team that has...
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Mar 21, 2013
03/13
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are we getting our deficits and debts down? if you had to confirm yesterday, growth and the deficits have stalled. we are on a long, hard road to nowhere here in britain. >> so is everybody in the world, on a long, hard road particularly in developed countries. we saw pmi in eurozone suggesting six quarter hers of negative consecutive growth. and it's the trade rather than government spending or consumption, it's lack of trade overseas that's dragged the economy down. >> well, the forecast yesterday made clear that the fiscal tightening here in britain had reduced growth markedly. clearly, the situation is tough for us, as well.. why is it of the g-20 largest economies, only italy and japan have done worse than britain in the last two years? we weren't in the eurozone. the chancellor had the destiny of our country in his hands and he said this plan would work and it hasn't. the international monetary fund have been saying for the last year and a half the chancellor slowed the deficit pace of reduction, a temporary tax cut, brin
are we getting our deficits and debts down? if you had to confirm yesterday, growth and the deficits have stalled. we are on a long, hard road to nowhere here in britain. >> so is everybody in the world, on a long, hard road particularly in developed countries. we saw pmi in eurozone suggesting six quarter hers of negative consecutive growth. and it's the trade rather than government spending or consumption, it's lack of trade overseas that's dragged the economy down. >> well, the...
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Mar 18, 2013
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paul ryan's plan calls for us getting out of the deficits in ten years. senator paul said, i can do it in five. what do you think of that? >> i think he could and he has put forward plans in the past that show he can. and like i said, going back to the communication factor. he knows how out of control the government is, whether it's sending money to people who are burning our flag or giving money to college students to come up with a menu how we'll eat on mars, and he has an ability to communicate with young people and voters as a whole what is important and what isn't. and we have seen him become a hybrid. he is a republican but has a libertarian base and ising which that republicans have been striving for but hasn't found the right candidate and right now rand paul looks like he is on his way. >> neil: obviously ruffled john mccain's feathers, and john mccain kind of apologized for how far this went. react to this. >> in an interview i said that senator paul and senator cruz were whack obirds. that was anyone appropriate and i apologize to them for sayi
paul ryan's plan calls for us getting out of the deficits in ten years. senator paul said, i can do it in five. what do you think of that? >> i think he could and he has put forward plans in the past that show he can. and like i said, going back to the communication factor. he knows how out of control the government is, whether it's sending money to people who are burning our flag or giving money to college students to come up with a menu how we'll eat on mars, and he has an ability to...
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Mar 26, 2013
03/13
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CURRENT
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at least we have a budget now and at least democrats now can show that deficit reduction can be done responsible. responsibly. >> the lack of a bunt has been an effective talking point for republicans. why do you think they haven't reached an agreement? >> because they're democrats. they have a hard time reaching an agreement about anything. that's why they're democrats. the progressive caucus shows that it is possible to reduce the budget deficit by taking even more away from big corporations reducing corporate welfare to an even larger extent reigning in tax loopholes, and so-called tax expenditures. the democratic budget and senate budget is a very good place to begin. i think the progressive caucus's budget is much better. >> analysts are saying this budget is to the left of obama. many on the left would say we should have expected that. does this give the president the opportunity to bring people together and get some sort of grand bargain by throwing things less liked under the bus. >> there is not going to be a grand bargain. the right wing controls the republican party. the t
at least we have a budget now and at least democrats now can show that deficit reduction can be done responsible. responsibly. >> the lack of a bunt has been an effective talking point for republicans. why do you think they haven't reached an agreement? >> because they're democrats. they have a hard time reaching an agreement about anything. that's why they're democrats. the progressive caucus shows that it is possible to reduce the budget deficit by taking even more away from big...
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Mar 26, 2013
03/13
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FBC
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palestinians let's cut that too but not cut that instead of cutting something else we have a trillion dollar deficit. neil: you know, every time the president or something else goes on a foreign trip, i immediately hang to my wallet. they open the wallet left and right to the foreign governments, i'm thinking, that is not good. >> last week, we signed a contract state department, giving usaid 25 million to crime frightennishtivefight inivetives in el salvador. foreign trade is a much better way to get there. but this shows that spending that steve is talking about happens every day, no one cares, very few people write about itic semp cranks like us, and maybe you should step back, take a breath and cut something. neil: the foreign aid budget, is you know, if you count it about 20 billion a year. that is a lot of money to be giving away from american taxpayers to give to foreign country, and show me any example where foreign aid has worked to make a country richer. i said, it gives money from poor people, and rich people, and gives to to rich people in poor countries that is what foreign aid is. neil
palestinians let's cut that too but not cut that instead of cutting something else we have a trillion dollar deficit. neil: you know, every time the president or something else goes on a foreign trip, i immediately hang to my wallet. they open the wallet left and right to the foreign governments, i'm thinking, that is not good. >> last week, we signed a contract state department, giving usaid 25 million to crime frightennishtivefight inivetives in el salvador. foreign trade is a much...
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Mar 25, 2013
03/13
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FOXNEWSW
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our deficits are so high. >> neil: you're assuming the euro goes away. >> who knows by the way. i it only takes one, when the south seceded from the north -- >> neil: get out of this club. no one gets higher ratings from young viewers or makes us a much buck -- i'm talking how it is that jay leno's boss wants him out. a lesson on corporate snakes that is all too well known. >> you know the hollen general of st. patrick, right? drove all the snakes out of ireland and then they came into the united states and became nbc executives. it's a fascinating story. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ the longest 4g lte battery in a razr thin profile. with 32 hours of battery life that turns an
our deficits are so high. >> neil: you're assuming the euro goes away. >> who knows by the way. i it only takes one, when the south seceded from the north -- >> neil: get out of this club. no one gets higher ratings from young viewers or makes us a much buck -- i'm talking how it is that jay leno's boss wants him out. a lesson on corporate snakes that is all too well known. >> you know the hollen general of st. patrick, right? drove all the snakes out of ireland and then...
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Mar 25, 2013
03/13
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FOXNEWSW
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stimulus plan and just one example of the kind of spending decisions that add up to massive debt and deficit. tonight, there is a week-long series on what to cut. >> government is not the solution to the problem. government the problem. >> rare of big government is over. >> every president called to streamline federal bureaucracy but none succeeded. >> government is largeer than it ever has been. the debt is growing at record rate. >> adjusted for inflation. government spending went up from $882 billion spent every year in 1980s to $1.48 trillion in the 1990s. $2.24 trillion a year and the first decade of the 21st century. mast ited that government will have spent almost as much in the first four years as a new decade as in the 1990s. >> in the past there bar crisis like world war ii or the korean war, nondefense spending was cut by 20 to 30%. >> that didn't happen after 9/11 or after the financial crisis. >> nothing typifies the expansion of government as much as the growing wealth of the washington, d.c. area. region with few neutral resources and little manufacturerring to produce well. t
stimulus plan and just one example of the kind of spending decisions that add up to massive debt and deficit. tonight, there is a week-long series on what to cut. >> government is not the solution to the problem. government the problem. >> rare of big government is over. >> every president called to streamline federal bureaucracy but none succeeded. >> government is largeer than it ever has been. the debt is growing at record rate. >> adjusted for inflation....
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Mar 20, 2013
03/13
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our deficit is as well as it makings it cheaper for poll tish shuns to borrow. former representative ron paul says why the fed is addicted to the this. you don't want to miss ron paul coming up. lauren: despite the cyprus scare, our next guest says they offer good investments. he will tell you which ones to buy. his answers certainly surprised me. lauren: time for a quick speed read of some of the day's other headlines. five stories, one minute of the first up, general motors recalling 34,000 vehicles to fix transmissions. recall affects 2013 buick lacrosse and cadillac srx crossover models. >>> u.s. crude oil production set to pass imports for the first time in 18 years. the gap between monthly oil production and imports is projected to be nearly two million barrels per day by 2014. >>> neiman marcus settles with the federal trade commission after claiming its products were made with faux fur when they contained real fur. it prohibits the retailer from violating those laws for 20 years. >>> total number of mortgage applications subpoena applied for in the u.s.
our deficit is as well as it makings it cheaper for poll tish shuns to borrow. former representative ron paul says why the fed is addicted to the this. you don't want to miss ron paul coming up. lauren: despite the cyprus scare, our next guest says they offer good investments. he will tell you which ones to buy. his answers certainly surprised me. lauren: time for a quick speed read of some of the day's other headlines. five stories, one minute of the first up, general motors recalling 34,000...
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Mar 21, 2013
03/13
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FOXNEWSW
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if the sequester stays in you've got over 3 1/2 trillion dollars of deficit reduction already so we don't have an immediate crisis in terms of debt. in fact for the next ten years it's in sustainable place. >> we do not have an immediate debt crisis, but we all know we have one looming. >> greta: turns out a majority of americans disagree with the president and the speaker of the house. a new poll showing, a fox poll, that 68% of americans describe the national debt as an immediate problem. only 27% say the debt can be handled in the future. mayor, what do you think? the speaker and the president don't think it's an immediate problem? >> i think the american people are far better economists than the people in washington. the reality we do have a serious debt problem. it's been accumulating now for four or five years. under obama it's been accumulating at massive amounts and there's no serious plan about cutting it. the numbers he was talking about, the cuts, many of which really aren't cuts at all, actually, he hasn't cut anything. he's reduced to some extent the rate of increase, but he
if the sequester stays in you've got over 3 1/2 trillion dollars of deficit reduction already so we don't have an immediate crisis in terms of debt. in fact for the next ten years it's in sustainable place. >> we do not have an immediate debt crisis, but we all know we have one looming. >> greta: turns out a majority of americans disagree with the president and the speaker of the house. a new poll showing, a fox poll, that 68% of americans describe the national debt as an immediate...
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Mar 22, 2013
03/13
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KQED
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one, we are looking at a record budget deficit of about $1 billion next year. so we're looking for every aspect to reap savings in our system. and we have underutilized schools as a result from it population loss in certain parts of the city of chicago. it's healthy for those schools to right size, to become fully utilizeed schools and combining under-utilizeed schools which garners savings we can reinvest and focus the resources we have in one school billion as opposed to multiple, partially used billions. >> brown: for people around the country, give us a sense of how serious the situation is there. is there a sense that chicago is failing some of its students right now? >> i think we have. we've failed to provide those resources that can give them add benefits, particularly in underserved communities, and so thus we're focusing on these underserved communities and it happens to be areas where there has been population loss and we can consolidate some of these schools, save $43 million a year in operations, reinvest those $43 million into the classrooms and d
one, we are looking at a record budget deficit of about $1 billion next year. so we're looking for every aspect to reap savings in our system. and we have underutilized schools as a result from it population loss in certain parts of the city of chicago. it's healthy for those schools to right size, to become fully utilizeed schools and combining under-utilizeed schools which garners savings we can reinvest and focus the resources we have in one school billion as opposed to multiple, partially...
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Mar 22, 2013
03/13
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CNBC
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you know, the best way we can deal with our debt and deficit long term is to grow the economy and that's what this budget does. it recognizes we need to invest long term. we need to cut spending and it does that. it does not do that. >> we need to invest long term. >> senator, with all due respect and i month your point of view may i just add after $650 billion tax hike already this year you raising taxes at least another trillion, i don't know how that is pro growth. regarding the sequester, i can understand making some changes to the sequester with regard to the management of the subaccounts particular in the defense department but you're not doing that. you're spending most of that money. associated press reports often years there may be a couple hundred billion dollars of spending cuts but the sequester was 1.2 trillion. you are in effect raising spending and raises taxes are you not? >> the budget closes a lot of corporate loopholes where we've been paying for people who go overseas and create jobs rather than paying to create jobs here at home. i don't think that's what we ought to
you know, the best way we can deal with our debt and deficit long term is to grow the economy and that's what this budget does. it recognizes we need to invest long term. we need to cut spending and it does that. it does not do that. >> we need to invest long term. >> senator, with all due respect and i month your point of view may i just add after $650 billion tax hike already this year you raising taxes at least another trillion, i don't know how that is pro growth. regarding the...
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Mar 23, 2013
03/13
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CNNW
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there was no new taxes, it would curb spending by repealing obama care and eliminate the deficit in ten years. $4.6 trillion in cuts. zero chance of passing in the democratic-controlled senate, it's dead on arrival. >> lawmakers in the house and senate approved legislation to fund the government through the end of september. that avoids the risk of a partial federal shutdown. in the process, they are on spring break for a couple weeks. what's your take on this? >> my take is the whole financial dysfunction of our congress is mind blow iing. you look at this week. let's say frederick, maryland, where there's air traffic control that will be shut. a tower that was built by the stimulus money. so stimulus money went into this tower. the government saying it's a priority. and the the government because of its dysfunction saying we have to shut is down. that's a perfect representation, i think, of how washington is not doing its job. we can't even pass a budget. it can't even run the books. there's no strategy. when you look at some of the spending cuts, you see a lack of a strategy in ameri
there was no new taxes, it would curb spending by repealing obama care and eliminate the deficit in ten years. $4.6 trillion in cuts. zero chance of passing in the democratic-controlled senate, it's dead on arrival. >> lawmakers in the house and senate approved legislation to fund the government through the end of september. that avoids the risk of a partial federal shutdown. in the process, they are on spring break for a couple weeks. what's your take on this? >> my take is the...
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Mar 20, 2013
03/13
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so, deficits get worse, debt gets bigger problems get more inser mount able to me. >> right. soon we'll all look at detroit or greece or cyprus or mexico city. >> do you think that is where we are headed? >> pretty much, it happened during the great depression, it of created not by our economy but the government, we have the great recession right now, if we don't get out of the great recession it is a great depression. neil: all right on that happy note. how it was like, outside of that mrs. lincoln, how of the show. do you think that union unions are down and out? get ready, they are fighting back, and they have a lot of cash, wait until you hear where they are getting it. and wait until you find out what they have named in their corner. >> clash of the corporate tita titans. aig ceo robert whether he will lawyer up against the very folks to bailed his company out. [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go
so, deficits get worse, debt gets bigger problems get more inser mount able to me. >> right. soon we'll all look at detroit or greece or cyprus or mexico city. >> do you think that is where we are headed? >> pretty much, it happened during the great depression, it of created not by our economy but the government, we have the great recession right now, if we don't get out of the great recession it is a great depression. neil: all right on that happy note. how it was like,...
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percent so if this growth doesn't materialize george osborne is going to be in deep deep trouble and the deficit is going to be very dangerous levels of course he's got a problem britain overwhelmingly relies on corporations especially the banks for revenues go to look after the money. well of course that's part of britain's problem so two of the most productive states is the bringing in huge amounts of money the banks and also north sea oil are experienced in the medium term decline so this means in a shortfall in revenues and very little growth and it's not clear that you say this is going to replace those and they're often being kept down by a lot of new regulations so for example in the energy sector a rising energy prices rising transport prices rising water crisis these are all the case in growth of course even the cleverest chancellor really stretch a bit of string so far not willing for a country bogged down by debt is that really a realistic alternative to austerity do you think you know really and of course if the government spent more i mean there's a lot of evidence that more governm
percent so if this growth doesn't materialize george osborne is going to be in deep deep trouble and the deficit is going to be very dangerous levels of course he's got a problem britain overwhelmingly relies on corporations especially the banks for revenues go to look after the money. well of course that's part of britain's problem so two of the most productive states is the bringing in huge amounts of money the banks and also north sea oil are experienced in the medium term decline so this...
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Mar 19, 2013
03/13
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we have to remember, the budget deficit was 10% of gdp in 2009. now it's 5. and going down to 2 or 3 and then it's going to start going up again. >> $800 billion now. >> that's all. and those pressures, by the way, coming from health care costs, not from a lot of the stuff they're talking about cutting the discretionary part of the budget. but on the corporate tax thing, i hate to introduce root canal again be, but if you want to get down to 25%, the white house said 28% and it's a goal that probably all of us would embrace, you're going to have to close a bunch of loopholes. if you want it to be at least revenue-neutral -- >> which the president has said he would have -- not the corporate, the personal. >> anyone who advocates for that and i've got a whole list, has to be willing to put their specific loopholes on the table. you can't do the paul ryan thing with the big asterisk and say -- >> what do you think? >> that's exactly the way you have to approach this. we do need -- first off, this issue is about 5, 10, 15 years from now, stablelizing the debt at
we have to remember, the budget deficit was 10% of gdp in 2009. now it's 5. and going down to 2 or 3 and then it's going to start going up again. >> $800 billion now. >> that's all. and those pressures, by the way, coming from health care costs, not from a lot of the stuff they're talking about cutting the discretionary part of the budget. but on the corporate tax thing, i hate to introduce root canal again be, but if you want to get down to 25%, the white house said 28% and it's a...